Partnersfinancial Charitable Foundation FY2020 filing

Tax-deductible

Austin, TX501(c)(3)Foundations & GrantmakersEIN 46-0827422Revenue $89K in FY2020

On file with the IRS1250 Capital of TX Hwy S Bld 2 60, 78746-6446 · Austin, TXTax-exempt since Feb 2013Publicly supported charity — 170(b)(1)(A)(vi)

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To award grants to nonprofit organizations that improve our members' local communities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $49K a year · 27% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89K
Spent
$98K
To programs
88%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$89K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$89K
FY2021$114K
FY2022$119K
FY2023$466K
FY2024$114K
Expenses
$98K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$101K
FY2022$160K
FY2023$158K
FY2024$143K
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.3M
FY2023$1.7M
FY2024$1.8M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $86K Management & general 12% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jayson Samuels’s $24K as Executive Director is at the 21st percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
Jayson Samuels$24,000$24,400
Carrie Meier$5,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Partnersfinancial Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to nonprofits improving local communities.

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Provided by the organization

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1 program · $86K · in their own filed words · FY2020
01

To award grants to nonprofit organizations that improve our members' local communities. Recommendations are made by partnersfinancial membership and approved by the grants committee.

$86Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 13 grants · $139K · 2020–2024
City of HopeCA · FY2024$25,000
Childhelp INCAZ · FY2024$6,000
First Place AZAZ · FY2024$6,000
Divfam FoundationFY2023$10,000
Hawaii Community FoundationHI · FY2023$9,262
Sitka Conservation SocietyAK · FY2023$6,000
Childhelp INCAZ · FY2023$6,000
First Place AZAZ · FY2023$6,000
Best Christmas Ever INCMN · FY2021$5,000
Finseca FoundationDC · FY2020$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$89K
Ln 12
Gifts and grantsLn 1h$60K
Investment incomeLn 3$34K
Money outPt IX
$98K
Ln 25
Programscol B$86K
Managementcol C$12K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Fundraising eventsLn 1c$4K
Investment incomeLn 3$34K
Total revenueLn 12$89K
Assets in detailPt X, end of year
CashLn 1$122K
Cash and savings togetherLn 1–2$122K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$161K$122K
InvestmentsLn 11–13$1.2M$1.3M
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$86K$86K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$500$500
Office expensesLn 13$3K$3K
Information technologyLn 14$179$179
Total functional expensesLn 25$98K$86K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $114K$143K−$29K$1.8M 990 PDF
FY2023 $466K$158K$308K$1.7M 990 PDF
FY2022 $119K$160K−$40K$1.3M 990 PDF
FY2021 $114K$101K$13K$1.6M 990 PDF
FY2020 Viewing $89K$98K−$8K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $89,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,166$60,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $42,622$33,684
I-11 Other revenuePrior year $0−$5,000
I-12 Total revenuePrior year $126,788$89,184
I-13 Grants and similar amounts paidPrior year $95,000$86,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,390$11,585
I-18 Total expensesPrior year $111,390$97,585
I-19 Revenue less expensesPrior year $15,398−$8,401
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $89,184 across 6 lines filed
VIII-1c Fundraising events$4,000
VIII-1f All other contributions, gifts and grants$56,500
VIII-1h Total contributions, gifts and grants$60,500
VIII-3 Investment incomeExcluded from tax $33,684$33,684
VIII-8 Net income from fundraising eventsExcluded from tax −$5,000−$5,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $28,684$89,184
Part IX · Statement of functional expenses $97,585 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $86,000$86,000
IX-11c Accounting feesManagement $5,262$5,262
IX-11f Investment management feesManagement $2,732$2,732
IX-11g Other fees for servicesManagement $500$500
IX-13 Office expensesManagement $2,912$2,912
IX-14 Information technologyManagement $179$179
IX-25 Total functional expensesPrograms $86,000 · Management $11,585 · Fundraising $0$97,585
Part X · Balance sheet $1,419,800 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $161,152$121,636
X-9 Prepaid expenses and deferred chargesStart of year $0$164
X-11 Publicly traded securitiesStart of year $1,185,925$1,298,000
X-16 Total assetsStart of year $1,347,077$1,419,800
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,347,077$1,419,800
X-32 Total net assets or fund balancesStart of year $1,347,077$1,419,800
X-33 Total liabilities and net assetsStart of year $1,347,077$1,419,800
Part XI · Reconciliation of net assets $1,419,800 net assets at year end
XI-1 Total revenue$89,184
XI-2 Total expenses$97,585
XI-3 Revenue less expenses−$8,401
XI-4 Net assets at start of year$1,347,077
XI-5 Net unrealized gains (losses) on investments$81,124
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,419,800

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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